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CFTC Speeches March 7, 2011 CFTC Commissioner Jill Sommers called for: extended and more flexible time deadlines for implementing Dodd-Frank requirements; setting the precise scope of Dodd-Frank with respect to the cross-border activities of foreign banks; harmonizing our rules to the greatest extent possible with the SEC, other U.S. regulators and our foreign regulatory counterparts to ensure that we accomplish the overall objectives of "reducing systemic risk and limiting opportunities for regulatory arbitrage"; Commissioner Sommers also noted that the CFTC is out of step with non-U.S

Commentary by Bob Zwirb

The MFA, SIFMA Asset Management Group and the Alternative Investment Management Association recommended that the CFTC examine "whether there are demonstrable concerns over excessive speculation" when revising its reproposed position limits rulemaking.